CBS chief Les Moonves and New York governor Andrew Cuomo announced today in a press release that the network’s Late Show will remain in the Ed Sullivan Theater when Stephen Colbert takes over for David Letterman next year. By staying put, the show will continue to benefit from New York’s vibrant energy, thriving creative community, and rich broadcast tradition, all of which surely weighed on Moonves’ mind as he and CBS’ executive team pondered this decision.

Also weighing on their minds—perhaps even more so—was a package of tax breaks and other funding from the state of New York that could end up totaling more than $16 million. As the New York Daily News reports, Cuomo has guaranteed CBS at least $11 million in tax credits over five years, and the state will also provide up to $5 million in grants “to offset renovations” of the Ed Sullivan Theater. In exchange, CBS has promised to maintain “approximately 200 New York-based jobs” in association with Late Show production, jobs that the press release said would “foster a steady stream of tourism revenue.” That all works out to around $80,000 per job, which sounds like a lot, but corporate-welfare math is always so tricky.